CIT Serves as Lead Arranger in Garrison Financing
CIT said it provided a $42 million senior secured loan to Garrison Investment Group, a middle-market credit, asset-based and real estate investor.
CIT said it provided a $42 million senior secured loan to Garrison Investment Group, a middle-market credit, asset-based and real estate investor.
The IFA and AFA announced their recent relocation to Avail Beach, CA. The new headquarters location is wheelchair accessible, which will enable executive director Bert Goldberg to access the office more easily.
GBC hired Charlie Pearl to lead its business development team as SVP Loan Originations. Pearl brings experience in commercial finance, including inventory and retail lending, in addition to factoring.
AOL entered into a five-year secured $250 million revolving credit facility with a syndicated bank lending group, led by JPMorgan Chase Bank.
Crestmark promoted account executives Bonnie Helgesen, Sherri Holmes, Kim Meek and Consuelo Motto to assistant vice president in the Transportation Division.
Pulaski Bank announced that Patrick Ricke joined the bank as VP, Commercial Lending. Previously, Ricke served as commercial banking officer at Midwest BankCentre.
BankUnited promoted Cristina Di Mauro to EVP for commercial lending in Florida. She joined the bank in 2009 as SVP.
American Apparel announced a $15 million increase in its revolver with Capital One Leverage Finance. As a part of the transaction, The Bank of Montreal was added as a loan participant.
Square 1 Bank provided a $6 million credit facility to Foundation Radiology Group. Proceeds of the credit facility will provide working capital to support the ongoing growth of the company.
The Wall Street Journal reported that U.S. District Judge David O. Carter said he would tentatively allow the Justice Department’s lawsuit against S&P to move forward.